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Basic macroeconomics teaches that fiscal and monetary policy are related; therefore, governments and central banks must sometimes be able to take wide-ranging action on both during crises. As George Soros wrote in the Financial Times on Monday, “When the financial system is in danger of collapsing...

Author: By Ravi N. Mulani | Title: Fixing the Eurozone | 2/26/2010 | See Source »

Used to be that seeing a man apologize was a little like catching a glimpse of a Bengal tiger in its natural habitat: rare, thrilling, attainable only for truly patient souls. Now it's more like seeing a mountain lion on a busy highway. People wince, wonder how he managed...

Author: /time Magazine | Title: Why Do Men Keep Apologizing? | 2/25/2010 | See Source »

But last year was not a good one for Medellín. Murders doubled in 2009, to 2,899, according to the National Institute of Legal Medicine and Forensic Science. It was the largest number of homicides since 2002, when there were some 5,000 murders (there were an estimated...

Author: /time Magazine | Title: In Medellín, a Disturbing Comeback of Crime | 2/25/2010 | See Source »

After a year of mostly grim tidings from Afghanistan and Pakistan, Obama could have been allowed a moment of satisfaction. But McChrystal's recounting of the Helmand chieftain's warning ensured that the mood in the White House's Situation Room during the conference call was somber. According to National...

Author: /time Magazine | Title: Taking It to the Taliban | 2/25/2010 | See Source »

The situation is further complicated by questions surrounding the motivations of the AKP. Erdogan has yet to answer critics who say that the government's two-year investigation into the other suspected plotters is partially aimed at settling old political scores against secularist journalists and government opponents who have been...

Author: /time Magazine | Title: Turkey's Government and Military Face a Showdown | 2/25/2010 | See Source »

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